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Could the government make the economy less reliant on exports in china?

Sagot :

spareemailyeyes
Yes but it would require a lot of work, money, and the economy would suffer at first. The first route is to slowly diverge and start importing from other countries. The other countries will use the money to start to produce things we request. This will happen over a long amount of time as other countries go through a sort of revolution and gain new ties with the U.S. The economy will suffer for years and things will become more expensive but in the long run our economy will stabilize and receive things it couldn’t have had before due to industrialization in baren countries and China continues to suffer as they cannot rely on the U.S. for major export.
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